How to Manage Your Crypto Safely in 2024 (Beginners Guide)
Safely managing your crypto during a bull run is essential. Learn how to navigate the blockchain, send crypto, and utilize cold wallets to safely store your cryptocurrency investments.
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Chapters:
0:00 - Crypto for Beginners
0:32 - Blockchain Basics
2:27 - Crypto Keys
5:02 - Seed Phrase Storage
6:09 - Storing Crypto
7:55 - Hot vs Cold Wallet
9:18 - Choosing a Cold Wallet
13:35 - Best Beginner Cold Wallets
16:07 - Using a Hardware Wallet
18:06 - How to Send Crypto
20:48 - Using a Blockchain Explorer
21:48 - Common Crypto Scams
24:03 - How to Store Crypto Safely
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Disclaimer: The information provided is for informational purposes only and should not be considered financial, legal, or tax advice. Viewers are encouraged to consult with qualified professionals for personalized advice. While efforts are made to ensure accuracy, we are not liable for any damages or losses incurred. Content reflects opinions and does not constitute professional advice. The channel may earn commissions through affiliate links, but this does not impact content integrity.
So many crypto newcomers don’t know how to effectively manage their crypto to keep it safe. This video is for you. Enjoy, - Alex
Thank you so much!!! Great info!!
Thank you for watching! - Alex
Great Video man!
Appreciate it!
@@cyberscrilla Were due for an Interview (Chat Crypto Security!) Type your email ill set one up eh! Love seeing the work
Thanks you very helpful
Glad it helped!
Very good information thanks ❤
Thank you! Glad you found it valuable
Thank you! Would you mind sharing some good, secure burner hot wallet options? Or is it better to just use another cold one? You said it doesn’t matter in the video since we aren’t keeping much money on the burner, so I’m leaning hot wallet so I have one of each kind and I think having a hot one is beneficial in some cases as long as you’re not keeping much there. Is metamask good?
Thanks for watching! And exactly, it really doesn’t matter. MetaMask is a great option.
is there a hot wallet that support passphrase?
QUESTION: What’s the best way to monitor your crypto value? For example: some wallets don’t even have the exact coin price. Also, on exchanges it keeps track of what you paid (DCA) and how much it’s worth. The gains or losses… What do you all recommend???
What's the camera are you using? It is so clear 😮 I'm so curious 😅
iPhone 15 Pro 👍
Is there risk to waiting to get a lower fee? Like is it exposed longer to potentially be hacked??? Or is it literally just paying for speed but no change in security?
There’s no inherent risk. You’re just waiting to get a better fee
Do u have a vid explaining how to go from main HD wallet to burner wallet without using an exchange . say u want to move some crypto to burner wallet to sell on exchange or trade for another crypto but dont want ti connect main wallet to do so , is this something that can be done ? I only ask for a extra layer of secrurity . I can use the exchange to send fiat after selling crypto for fiat to bank i know how that works .
I’m not sure I understand. You can safely send crypto from your main storage wallet directly to an exchange with no issues. That does not compromise security.
@@cyberscrillaI think he means for extra security (peace of mind) he wants to send a small amount of crypto from his main wallet to a cheap wallet. Wallet to wallet. So he doesn't connect his main wallet to any system. Not able to hack the main wallet.
I have a newb question. If you add a USDC token to your wallet and if you swap bitcoin, solano or whatever to the USDC token, Is that the same as selling your crypto? So that you dont have to load everything back to an exchange to sell it it.
Yes, swapping crypto for USDC in your wallet is like selling it. It provides you with a stable asset without needing to use an exchange. Now if you want it in your bank account, you’ll have to use a CEX to off-ramp
How much safer is using a hot wallet only when transferring funds over leaving it on phone at all times? Otherwise deleting the wallet and never then deelting app? What about Samsung Fort Know.
I’m not sure I understand your question. Using a hot wallet to transfer funds and everything else is fine. I just don’t recommend storing crypto on a hot wallet.
When you say storing your crypto on a hot wallet, I aassume that means that the app is downloaded on the computer or phone. If you dont have the app on your phone, but only download when you need to trasnfer funds, is that relatively safer than keeping app on phone at all times? How is the cold wallet safer? Just that the seeds arent ever on the computer/phone to be looked at?
@obcane3072 deleting the app doesn’t eliminate the issue of exposing your private key/seed phrase online. A cold wallet keeps your private key stored on the physical device, which is disconnected from the internet and immune to malware and other attacks along with other security features hot wallets don’t offer.
@@cyberscrilla thank you
Hey, is there a phone contact for Tangem? Thank you for all that you do.
Nope. Just email. support@tangem(dot)com
Has anyone else had issues with Kraken lately? Will not let me withdraw even after the 72 hour hold
Most exchanges have been experiencing “technical difficulties” during major bitcoin pumps. Also scheduled maintenance could affect your ability to deposit/withdraw
@@cyberscrilla I removed all of my saved addresses and re added them and it was fixed. Thank you though
25-year warranty has gotta be BS. Tangem is a 6-7-year old company. Offering a 3-4-year warranty seems more realistic..
Well, it’s not BS. The cards are designed to last that long
I am afraid that when I die, all will be lost.
Just make sure whoever you want to have access can access your seed phrase. Problem solved
@cyberscrilla Tryed to transfer a small crypto to my tangem wallet, but it wants a 2 step set-up to make it work. One more thing to lock out my kids.
New fear unlocked 😅
Mine will be!!! My wife can't get the printer to print... (then I walk in and literally hit the exact same buttons and it works) so she's absolutely screwed!!! 😂
@@Firemedic2105 😂
Sending $20 cost $9! This isn’t going to catch on.
On Ethereum, yes. There are options such as layer 2s that can help though. And tbh, it’s already caught on. Definitely sucks though
@@cyberscrilla is the transaction cost relative to the amount being sent or a standard price regardless?
@garethlewis3743 doesn’t matter how much you send. Blockchain fees are solely based on network congestion.
I think I ask you before, Can a person move an uphold wallet (address) with everything in it to tangem? If it can be done any chance you have a video on it? Thanks, M
Use the steps in this video. It’s all the same process. To send crypto from Uphold to another wallet, tap on the ''Actions'' button located in the main menu followed by ''Send''. Now, simply fill in the amount of crypto you want to send, paste the receiving address or scan the QR code, and verify the transaction
@@cyberscrilla Thank you for responding, however I am asking to move the whole wallet 7 address from uphold to Tangem? Not just a transfer of funds. Thanks again, M
@@Jerksters If you have a seed phrase for your uphold wallet then yes. Otherwise no, you’ll have to transfer each asset individually.
I have my crypto on exchanges because I am trading, and often these are mid-long term trades. I guess I'm confused about how one goes about trading crypto if their assets are stored on a hot or cold wallet. Are there hot wallets that are compatible with trading? I hope this isn't a dumb question, I just can't wrap my head around how this works for those of us who are focused on trading.
@CryptoWitch76 Yes, all wallets are still compatible with trading? Many wallets allow you to trade directly in the app. Otherwise, just use a DEX.